Cardholder Services

DBS Personal Loan

Manage your cash flow with one of the lowest interest rates in town!

DBS Credit Cards Instalment Loan

Product Details

  • Loan amount and tenure to fit your needs – Choose a loan amount within your credit limit and your preferred repayment tenure, ranging from 12 to 60 months.
  • Financial control – structured and convenient way to manage your finances.

Interest Rate and Processing Fee Table

For Customers with annual income of at least S$30,000.

Applicable for Credit Card and Cashline account (for income S$30,000 and above)

Tenure
(months)

A.I.R
(%p.a.)^

Processing fee

E.I.R
(%p.a.)*

Monthly instalment amount
for loan of S$5,000

12

7.99

3%

19.70

S$450

24

7.99

3%

17.28

S$242

36

7.99

3%

16.23

S$172

48

7.99

3%

15.56

S$138

60

7.99

3%

15.07

S$117


For Customer with annual income of S$20,000 to less than S$30,000

Applicable for Cashline account (for income S$20,000 to below S$30,000)

Tenure
(months)

A.I.R
(%p.a.)^

Processing fee

E.I.R
(%p.a.)*

Monthly instalment amount
for loan of S$5,000

12

11.00 

4% 

26.62 

S$463 

24

11.00 

4% 

23.26 

S$255 

36

11.00 

4% 

21.74 

S$185 

48

11.00 

4% 

20.75 

S$150 

60

11.00 

4% 

20.01 

S$130 

 

^ A.I.R.: Applied Interest Rate
E.I.R: Effective Interest Rate – inclusive of 3% or 4% processing fee.
The above monthly instalment amounts have been simplified for illustration purposes


  1. After applying, what can I expect?

    Upon approval of POSB/ DBS Personal Loan, you will receive:

    1. You will receive a SMS confirmation that the personal loan is approved. Please check your designated account for disbursement.
    2. An approval letter for the POSB/ DBS Personal Loan will be sent over to your mailing address in 5-8 working days after receiving the SMS messages

  2. How does a Personal Loan work? Can I have an illustration?

    Illustration 1
    Suppose you earn $3,000 and would like to take up a S$5,000 loan for 5 years (60 months) at 7.99% p.a.

    • Assume the credit limit is granted at 4X of your monthly salary, a Cashline account will be opened with S$12,000 credit limit (For existing customer, Personal Loan can be taken from your Credit Card or Cashline account).
    • S$5,000 credit limit will be disbursed to your designated deposit account as a POSB/DBS Personal Loan.
    • A processing fee of $150 (3% processing fee) will be charge separately from the loan amount.
    • You will be informed on the monthly instalment amount of S$117 in the Cashline statement account which will be sent to you on a monthly basis (for e-statement, it will be reflected in the e-statement which is in Internet Banking).

  3. What do I do with the remaining credit limit in the Cashline account?

    You have the flexibility to use the remaining credit limit (up to 95%) to take up another Personal Loan or you can use the available credit limit for other uses such as retail transactions, balance transfer.

    There are no extra supporting documents required for these uses on your remaining credit limit.


    Illustration 2
    Using the same figures from Illustration 1

    • After S$5,000 is granted, there is a remaining of $7,000 credit limit. You can apply for another POSB/DBS Personal Loan of up to S$6,650 (95% of available credit limit) at 7.99% p.a.

      OR

    • You can use the ATM Card/ fund transfer for cash withdrawal of up to S$7,000 at 19.8% p.a. Interest is charged only on the amount withdrawn and payment is flexible. For 1 week, interest on S$7,000 is S$27.

      S$7,000 x (19.8%/365) x 7 = S$27

      More information on Cashline 

How to Apply

  • Apply now and get instant cash disbursement to your designated account.

    No additional documents are required for the application.

    Apply Now      

  • Let us assist you on your application.

    Contact Me Now

View the latest DBS Personal Loan Terms and Conditions.